A new fixed-income ETF that tracks an index of floating rate securities was launched this week by Van Eck Global. The Market Vectors Investment Grade Floating Rate ETF (FLTR) tracks an index of floating rate notes or “floaters” with coupons that are linked to three-month LIBOR or other standard reference rates.

Van Eck has changed the name of the firm’s nuclear exchange traded fund to the Market Vectors Uranium+Nuclear ETF (NLR). The new name was selected to communicate to investors the relative weight of the uranium mining sub-sector among the seven nuclear energy sub-sectors represented in the DAXglobal® Nuclear Energy Index.